RBI Governor Sanjay Malhotra has proposed three key measures to globalize the rupee. The first is that authorized dealer (AD) banks will now be allowed to lend in INR to non-residents from Bhutan, ...

The Reserve Bank of India has announced significant measures to elevate the rupee's global role, permitting cross-border lending in INR to Bhutan, Nepal, and Sri Lanka, and expanding the use of ...

“For months now, the government has been taking steps to internationalise the rupee, which refers to the process of making the Indian currency widely accepted and used for global trade, finance, and ...

Taking a step forward in internationalisation of the rupee, the Reserve Bank of India (RBI) on Wednesday said authorised dealer banks in India and their overseas branches will be permitted to lend in ...

The US government has shut down after failing to extend federal funding, impacting global markets. Gold prices surged amid the crisis, raising concerns over the dollar's strength. Indian investors are ...

The rupee recovered 15 paise from its all-time low to 88.65 against the US dollar on Wednesday (October 1), after the Reserve Bank Governor delivered a dovish pause, broadly in line with market ...

Observing that India has been making steady progress in the use of the Indian Rupee for international trade, RBI Governor Sanjay Malhotra said permission has been granted to Authorised Dealer banks to ...

The Monetary Policy Committee announcement saw RBI Governor Sanjay Malhotra unveil 22 measures in banking, business ops, and forex ...

RBI MPC meeting led by Sanjay Malhotra to announce repo rate decision today amid India-US trade talks and recent US Federal Reserve rate cut; repo rate currently at 5.5%.

The RBI’s Monetary Policy Committee has allowed Authorised Dealer banks to lend in Indian Rupees to Bhutan, Nepal, and Sri Lanka to promote cross-border trade. Alongside, it announced measures for ...

In the latest MPC meeting, RBI Governor Sanjay Malhotra outlined plans to strengthen the Indian currency and more ...

The Standing Deposit Facility (SDF) rate stays at 5.25 percent, and the Marginal Standing Facility (MSF) rate remains at 5.75 percent. This means no immediate change in interest rates for home loans, ...